MPR AUSTRALIA LIMITED — Capital/Financing Update 2016

Feb 8, 2016

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MARKET UPDATE

Sydney – 9 February 2016 – Tag Pacific Limited (ASX: TAG) today released a financial update in advance of its half year result announcement later this month.

While the results are still in the process of being finalised, including an audit review, revenue for the first half is expected to be approximately $28 million, up from $26 million in the prior comparative period. An improvement in the performance of the group’s investment in MPower is expected to result in a reduced group consolidated loss after tax in the first half attributable to shareholders in the range of $1.1 million to $1.5 million. Usual balance date processes have not yet been completed.

The expected result indicates a significant improvement on the group loss of $10 million in the prior comparative period. The prior comparative period result included $7.1 million in non-cash, non-recurring accounting charges.

Full details will be released with the half year results at the end of February.

ABOUT

Tag Pacific Limited is a Sydney-based investment house listed on the Australian Securities Exchange with a focus on niche areas of the power industry. Tag has invested in a diverse range of companies and activities that have been brought together primarily to operate under the banner of MPower. The company’s mission is to invest in the power industry in a manner that creates and enhances value and achieves above average returns.

ENDS

For further information please contact:

Peter Wise Nathan Wise Chairman Chief Executive Officer Tag Pacific Limited Tag Pacific Limited T: +61 2 8275 6000 T: +61 2 8275 6000

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